• About Us
  • Careers
  • Contact
No Result
View All Result
Sunday, October 19, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

OKX Reports Record Growth in 2024, Sees 991% Surge in Wallet Users and 20-Fold Rise in DEX Trading Volume

5 January 2025
in Crypto, News
Reading Time: 5 mins read
113 1
Source: alamy.com

Source: alamy.com

According to crypto exchange OKX, 2024 was a year of transformative changes and record growth despite challenges. 

In its end-of-year report published on December 31, 2024, the crypto exchange revealed a 991% increase in the users of its wallet service, OKX Wallet, by December 2024, a 20-fold rise in daily trading volumes on its decentralized exchange (DEX), and a 122% year-over-year growth in its mobile app downloads.

CEO Star Xu described the year as “a turning point for the industry,” highlighting the platform’s focus on innovation and global expansion.

OKX introduced over 200 new features in 2024, including a simplified “simple mode” for intuitive trading and expanded cross-chain support for over 100 blockchains. Other features included a real-time DEX Data dashboard for developers and a DEX token search for retail investors and traders. 

On the global front, the crypto exchange launched its services in Belgium, offering residents access to spot trading and conversion for over 200 cryptocurrencies, including more than 60 euro-based pairs. Belgian users also enjoyed seamless euro deposits and withdrawals via Bancontact and SEPA transfers, along with easy onboarding through the ‘itsme’ digital ID app. The exchange also secured four major regulatory licenses in Singapore, the UAE, Turkey, Australia, and the European Economic Area.

Despite its achievements, OKX faced challenges regarding platform security and regulatory compliance during the course of the year. In June, a group of web3 enthusiasts raised questions regarding the platform’s ability to safeguard user accounts from unauthorized access after reports of SIM swap attacks and vulnerabilities. These issues led to $837 million in withdrawals within a week. These issues prompted scrutiny of OKX’s centralized model.

RELATED: OKX to Block Accounts Using Tornado Cash, CEO Claims Move Will Strengthen Compliance

In response, OKX claimed it bolstered its transparency with its Proof of Reserves tool, utilized by over 2 million users, and expanded its compliance team to nearly 500 specialists. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: OKX
Share66Tweet42Share12
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

Investors cool off on Bitcoin treasury firms as market saturation, mNAV drops, and weak strategies expose flaws in the Bitcoin-stacking trend.
Bitcoin

Bitcoin Treasury Craze Fades as Investors Grow Selective Amid Market Saturation

17 October 2025
Ghana to Regulate Crypto by Year-End as Parliament Prepares New Bill
Crypto

Ghana to Regulate Crypto by Year-End as Parliament Prepares New Bill

17 October 2025
Japan’s Biggest Banks Unite to Launch Yen- and Dollar-Pegged Stablecoin for Global Settlements
News

Japan’s Biggest Banks Unite to Launch Yen- and Dollar-Pegged Stablecoin for Global Settlements

17 October 2025
FSB Flags Data Privacy as Major Barrier to Global Crypto Regulation
Crypto

FSB Flags Data Privacy as Major Barrier to Global Crypto Regulation

17 October 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Your Weekend Crypto Roundup | October 2025 (Week 3)

2 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

5 days ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

2 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Billionaire Tim Draper Leads $3.2M Seed Round for Ryder to Replace Seed Phrases With TapSafe Recovery

    bychainwire
    18 October 2025
    0

    Seascape Launches First Tokenized BNB Treasury Strategy on Binance Smart Chain

    bychainwire
    16 October 2025
    0

    xMoney Launches $XMN on Sui, Expands Listings Across Global Exchanges

    bychainwire
    15 October 2025
    0

    ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

    bychainwire
    15 October 2025
    0

    On-Chain Cultural Assets: Decoding City Protocol’s IP Capital Market

    bychainwire
    14 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00